About Author:
Ashwath Balakrishnan
Ashwath is a financial market and technology junkie. He is a cryptocurrency investor, trader, and enthusiast. He has expertise in market psychology and explaining complex technology in a simple way. He aims to battle misinformation in the cryptocurrency space.
Hours before the ten percent dump, a crypto "whale" transferred 25,160 BTC to Coinbase, amounting to $213.4 million. This spiked fear on crypto Twitter and was followed by bitcoin briskly breaking it's $8,200 support and the $8,000 psychological zone. The trader promptly transferred the same 25,160 BTC out of Coinbase...
The anonymous cryptocurrency Monero plans to carry out a hard fork to make the network resistant to ASIC miners in an attempt to promote network decentralization. The erstwhile Cryptonight algorithm is likely to be removed in favor of RandomX to keep mining centralization at bay, June 4, 2019. Community Driven...
Victims of cryptocurrency frauds and scams from over 30 countries have filed a joint lawsuit under Dr. Jonathan Levy of Berlad Graham LLP. The cumulative loss for all parties amounts to $16.8 million, yet the primary claim is a $10 billion compensation fund for victims of such attacks, as reported...
Wallet users are generally required to rely on the wallet's back end server for transaction functionality. The release of Samourai Dojo marks a new age of wallets where users can bypass centralized wallet servers and run one of their own, June 3, 2019. Samourai runs a Bitcoin Core node as...
LocalBitcoins is the largest globally run OTC service for buying Bitcoin online through an escrow mechanism and recently, the operator has decided to ban cash payments amid regulatory worries regarding cryptocurrency transmission. In an attempt to capitalize on this, LocalEthereum reduced cash fees to zero, June 1, 2019. Is LocalBitcoins...
CME Bitcoin futures have hit an all-time high in liquidity with 5100 contracts of open interest as per the CFTC's data sheet. The volume on their Bitcoin contracts has been surging since the $3100 bottom with most trading activity likely to have come from institutions, June 2, 2019. Cryptocurrency as...
Crypto Twitter is running wild after users spotted Binance testing a stablecoin on, June 3, 2019. While the USD backs most stablecoins, Binance chose to peg its stablecoin to the GBP. Binance has developed a reputation as one of the more trustworthy exchanges, making their stablecoin launch all the more...
dxDAO, a community run organization that's in total control of the DutchX Protocol went live and will attempt to create a 'super-scalable' organization through systematic consensus, May 31, 2019. DutchX is a decentralized protocol that allows users to transact in any two tokens in a completely on-chain process. DAO's and...
Block.one announced the launch of Voice, a blockchain based social media platform where the value of good content gets circulated back into the community. In a press release on June 1, 2019, the platform announced their desire to launch this as a way today allow content creators and users to...
Ethereum and ConsenSys co-founder Joe Lubin's bet with Bitcoin educator Jimmy Song's bet has been subject to widespread debate. Song, a critic of Ethereum and dApps, bet Lubin that Ethereum dApps wouldn't reach 10,000 daily active users on five different dApps by 2023. IDEX explains the nuances of the bet and...
